Kaizen Financial Strategies Has $536,000 Stock Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Kaizen Financial Strategies trimmed its position in Aris Water Solutions, Inc. (NYSE:ARIS) by 8.0% during the fourth quarter, Holdings Channel reports. The firm owned 22,377 shares of the company’s stock after selling 1,958 shares during the quarter. Kaizen Financial Strategies’ holdings in Aris Water Solutions were worth $536,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in Aris Water Solutions by 3.1% in the fourth quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company’s stock valued at $65,218,000 after buying an additional 81,413 shares during the period. Raymond James Financial Inc. bought a new position in shares of Aris Water Solutions in the fourth quarter valued at about $29,663,000. Wellington Management Group LLP lifted its stake in shares of Aris Water Solutions by 1.0% during the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company’s stock worth $23,112,000 after buying an additional 9,395 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Aris Water Solutions by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company’s stock worth $15,357,000 after buying an additional 8,844 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Aris Water Solutions by 116.3% during the third quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock worth $6,783,000 after acquiring an additional 216,158 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Aris Water Solutions news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Brunt David Dylan Van sold 32,305 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $30.15, for a total value of $973,995.75. Following the completion of the sale, the chief operating officer now directly owns 85,656 shares of the company’s stock, valued at approximately $2,582,528.40. The trade was a 27.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,070,604 shares of company stock valued at $29,817,145 over the last quarter. 37.84% of the stock is owned by company insiders.

Aris Water Solutions Trading Up 4.7 %

Shares of ARIS stock opened at $21.79 on Friday. Aris Water Solutions, Inc. has a fifty-two week low of $13.34 and a fifty-two week high of $33.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The stock’s fifty day moving average price is $27.38 and its two-hundred day moving average price is $26.09. The company has a market cap of $1.27 billion, a PE ratio of 27.24 and a beta of 1.85.

Aris Water Solutions (NYSE:ARIS) last posted its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $120.49 million for the quarter, compared to analysts’ expectations of $115.72 million. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.74%. Equities analysts predict that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Thursday, June 5th. Aris Water Solutions’s dividend payout ratio (DPR) is currently 68.29%.

Wall Street Analyst Weigh In

ARIS has been the topic of several research reports. Wells Fargo & Company decreased their target price on Aris Water Solutions from $29.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday. StockNews.com upgraded shares of Aris Water Solutions from a “sell” rating to a “hold” rating in a research note on Monday, May 5th. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their price objective for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group dropped their price objective on Aris Water Solutions from $34.00 to $30.00 and set a “buy” rating for the company in a report on Thursday. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.00.

Aris Water Solutions Profile

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.